Safe, Sound, and Secure

A Message from CEO Scott Dueser:

Safe, sound, and secure: this is what First Financial has been for more than 130 years. Whether it has been the Great Depression, the oil bust, or through numerous economic recessions, we’ve been through it.

For the past 11 years, we have been selected as one of the top seven banks in the country from $5 billion to $50 billion by Bank Director Magazine. Two of those years we were selected number one, and four of those years as number two. On March 11, 2020, Jennifer Demba, one of our analysts from SunTrust Robinson Humphrey, selected us as one of the top 10 banks in their coverage with the best relative credit loss history and the highest capital levels according to their analysis. We have an extremely high percentage of capital to total assets to 14.85%. This amount of capital is much higher than our peer group and we have consistently outperformed peers, the banks on several key performance metrics.

In 2019, our return on average assets was 2.08% compared to 1.18% for our peers. Return on average equity was 14.37% vs our peers 10.52%. Our efficiency ratio, which expresses expenses is a portion of tax equivalent revenue, was again solid last year at 48.61% as opposed to our peers average of 60.47%. We have excellent liquidity and have lines of credit available to draw on from correspondent banks, the Federal Home Loan Bank and other sources. We are certainly prepared to make new loans and advance on existing lines of credit to take care of our customers' liquidity, working capital, and expansion needs.

With all of this said, we do have the experience and expertise to go through times like this to help you take care of your depository, loan, and investment needs with the confidence of putting YOU FIRST.

We highly encourage you to review our annual report, 10-K, and Proxy which are available in the links below.

F. Scott Dueser
Chairman, President and CEO
First Financial Bankshares, Inc.

2019 FFIN Annual Report

Read the 2019 First Financial Annual Report in its entirety here.

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2019 FFIN Form 10-K

Read the 2019 First Financial Form 10-K in its entirety here.

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2019 FFIN Proxy

Read the 2019 First Financial Proxy in its entirety here.

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